I first heard of life insurance a few times in my long life, but never was very enthusiastic idea about it. I was younger then and had other things on my mind.
Eventually, when I reached retirement age, my wife talked me into it. I was 65 years old. We bought policies that would help pay for the rest of our lives, including care in a nursing home.
Eventually we were able to upgrade our coverage to include home care, and increased coverage every year to help keep up with the cost of rising care.
The plan really became a lifesaver when my wife started showing signs of Alzheimer’s disease. I was able to care for her at home, while also having the freedom to drive her to an adult care center for five to six hours a day. I was able to be at her side when she passed away at the age of 80.
I am no spring chicken and I know that I won’t be around forever, either. I find that long term life insurance as a blessing since I won’t have to worry about my family’s funeral costs.
The most important part of having a life insurance policy in your golden years is peace of mind. I know that my legacy will be protected and preserved, ensuring that my children and my children’s children will be financially secure. I’m proof that you are never to old to start thinking about buying long term life insurance.